MSP Retail Openings & Closings (Q4 2013)

The retail market continued to improve in Q4 2013 thanks to very healthy amount of leasing activity in the neighborhood and regional centers. Vacancy continued to decrease from the five-year low of 7.8% to an even lower 7.2% by year’s end.

Cushman & Wakefield/NorthMarq tracks vacant big-box and junior-box spaces of 15,000-sf or larger across the Twin Cities, and as of the end of the year, approximately 43 remain available. This is in comparison to the 80 that were available in 2010. Contributing to this success in 4Q 2013 was the opening of T.J. Maxx in St. Paul and Marshalls in Bloomington. In general, landlords are investing time and money to reposition these large vacant spaces so they are more desirable to a broader range of tenants.

The following is a list of retail openings and closings for Q4 2013:

OPENINGS:

  • A La Mode (50th & France)
  • Aldi (Cambridge)
  • AT&T (Woodbury)
  • Bar Louie (Ridgedale Center)
  • Bluzy’s Roadside (Blaine)
  • Bruegger’s Bagels (Mall of America)
  • Chef Shack Ranch (Minneapolis)
  • Chuck & Don’s (Maple Grove)
  • Di Noko’s Bar Zia (Downtown Minneapolis)
  • Duluth Trading (Bloomington)
  • Free People (Mall of America)
  • Freshii (Southdale Center)
  • Greater Good (Minneapolis)
  • Goodwill (Minneapolis)
  • Hammer & Sickle (Uptown)
  • Haskell’s (Maple Grove)
  • H&M (Ridgedale Center)
  • Hockey Lodge (Southdale Center)
  • Honey & Rye Bakehouse (St. Louis Park)
  • Insomnia Cookies (Dinkytown)
  • Jake’s Wayback Burgers (Woodbury)
  • J.M. Cremp’s Boy Adventure (Mall of America)
  • Kate Spade New York (Galleria)
  • Lake & Irving (Uptown)
  • Marshalls (Bloomington)
  • Minnesota Honey Company (Minneapolis)
  • Minnesota Local Brew (Ridgedale Center)
  • Noodles & Co. (Stillwater)
  • Nothing Bundt Cakes (Eden Prairie)
  • Panda Express (Brooklyn Park, Mankato, Owatonna)
  • PizzaRev (Hopkins)
  • Pizza Studio (Mall of America)
  • Rebecca’s Bakery (Minneapolis)
  • Salon Concepts (Apple Valley)
  • Salon Concepts (Ridgedale Center)
  • Sisu (Woodbury)
  • Sociable Cider Werks (Minneapolis)
  • Streetz American Grill (Hopkins)
  • Sugar Love Bakery (Woodbury)
  • The Freehouse (Downtown Minneapolis)
  • The North Face (Galleria)
  • The Rabbit Hole (Midtown Global Market)
  • The Salad Bar (Downtown Minneapolis)
  • Totally Tan (Woodbury)
  • T.J. Maxx (St. Paul)
  • Tumble Fresh (Cottage Grove)
  • USA Hockey (Mall of America)
  • Yogurt Lab (Apple Valley, Hopkins)
CLOSINGS:

  • Cedar Lake Wine & Spirits (St. Louis Park)
  • Cups ‘n Scoops (Woodbury)
  • Great Harvest Bread Company (Woodbury)
  • Heidi’s (Uptown)
  • Hurricane Grill & Wings (Burnsville)
  • Kabobs Indian Grill (Downtown Minneapolis)
  • Manchu Wok (Downtown Minneapolis)
  • Marshalls (Southdale Center)
  • McDonald’s (Downtown Minneapolis, Downtown St. Paul [2])
  • Rusty Quarters (Uptown)
  • Serlin’s Café (St. Paul)
  • Specially Yours (Hopkins)
  • Subway (Downtown Minneapolis)
  • Tiger Sushi 2 (Uptown)
  • True Thai (Minneapolis)
  • Turkey-to-Go (Downtown St. Paul)
  • Whymsy (Galleria)
  • Yo-Joe’s Frozen Yogurt (Cottage Grove)

About Cushman & Wakefield/NorthMarq

​Cushman & Wakefield/NorthMarq is a joint venture formed in September 2011 by NorthMarq Real Estate Services and the Minnesota operations of global real estate services firm Cushman & Wakefield. By combining the talent of both organizations at the regional level with the global platform of Cushman & Wakefield, we offer clients the best combination of regional strength and global capabilities. The result: the leading commercial real estate firm by all measures in the Upper Midwest.
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